George Soros Just Made A Huge Bet That US Stocks Might Fall

It seems legendary hedge fund billionaire George Soros might be souring in his view view on the market outlook for US stocks, based on his most recent 13-F filing in the US which showed a 605% increase in his short S&P 500 position (through a PUT on the SPDR S&P 500 ETF) to $US2.2 billion.

Even though he is still net long stocks, this took the short position (where he owns an option which will profit from a fall in stocks prices) on the S&P 500 from 2.96% of his Soros Funds Management Portfolio to a whopping 16.65%. (Hat tip to @BullionBarron for the heads-up.)

Source: Soros Fund Managment LLC 13-F filling – Whalewisdom.com

Certainly it was offset to a small extent by an increase in the S&P 500 call position Soros has which makes up 3.10% of his portfolio. But the large jump in in both the size and percentage of this put position suggests that Soros is getting worried about the market and where the S&P is going to head in the months ahead when the fed ends QE.

Where the S&P goes so likely goes the ASX200 if Soros is right – so we’ve been warned.